While It Is an Essential Quality for a Successful Family

question 14

Multiple Choice

While it is an essential quality for a successful family business,this quality is the one that cannot be imposed or forced.If family members refuse to embrace it,they can still be part of the business.

• A)Shared power
• B)A willingness to learn and grow
• C)Shared values
• D)Family behavior

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Definitions:

Franchiser

A business entity that grants a license to a third party for the conducting of a business under the franchiser's marks.

Product Quality

The perceived value or characteristics of a product that meet or exceed the expectations of its users.

Franchise Fees

Payments made by franchisees to franchisors, typically in exchange for the right to use the franchisor's business model and branding.

Nonexcludable

describes a good or service that cannot be withheld from individuals who do not pay for it, characteristic of public goods.